U.S. Treasury yields climbed as jobless‑claims fell to 208,000 from an upwardly revised 216,000, below economists’ expected 218,000. The July Philadelphia Fed business activity gauge jumped to 41.4 from 10.3, and June retail sales grew 0.2%, slowing from May’s revised 1% pace. The Trump administration imposed 25% tariffs on several Brazilian imports, while oil futures rose above $80 a barrel as Strait of Hormuz tensions persisted. The WSJ Dollar Index edged up to 100.537.

The 10‑year Treasury yield rose to 4.596% from 4.545%, and the two‑year yield climbed to 4.179% from 4.126%. Markets noted that recent producer‑price and CPI data had pulled yields and the dollar lower, but ongoing Middle‑East tensions could lift oil prices again. Eurozone government bond yields were marginally higher; the 10‑year Bund rose 3.099%.

U.K. GDP grew 0.1% in May, prompting expectations of a BoE rate hike, while Japanese government bonds traded in line with U.S. yields amid rising oil prices.

These developments underscore a resilient job market and heightened commodity price pressures driving the žene.